Canadian Natural Resources Balance Sheet Health
Financial Health criteria checks 4/6
Canadian Natural Resources has a total shareholder equity of CA$39.9B and total debt of CA$10.0B, which brings its debt-to-equity ratio to 25.1%. Its total assets and total liabilities are CA$75.1B and CA$35.2B respectively. Canadian Natural Resources's EBIT is CA$9.9B making its interest coverage ratio 17.5. It has cash and short-term investments of CA$721.0M.
Key information
25.1%
Debt to equity ratio
CA$10.03b
Debt
| Interest coverage ratio | 17.5x |
| Cash | CA$721.00m |
| Equity | CA$39.90b |
| Total liabilities | CA$35.18b |
| Total assets | CA$75.08b |
Recent financial health updates
We Think Canadian Natural Resources (TSE:CNQ) Can Stay On Top Of Its Debt
Dec 04
Is Canadian Natural Resources (TSE:CNQ) Using Too Much Debt?
Aug 27Is Canadian Natural Resources (TSE:CNQ) A Risky Investment?
May 28These 4 Measures Indicate That Canadian Natural Resources (TSE:CNQ) Is Using Debt Safely
Feb 27Is Canadian Natural Resources (TSE:CNQ) Using Too Much Debt?
Nov 28Recent updates
Returns On Capital Are Showing Encouraging Signs At Canadian Natural Resources (TSE:CNQ)
Nov 12Is There An Opportunity With Canadian Natural Resources Limited's (TSE:CNQ) 37% Undervaluation?
Aug 24Canadian Natural Resources Limited Just Missed EPS By 36%: Here's What Analysts Think Will Happen Next
May 04Canadian Natural Resources Limited's (TSE:CNQ) Shares May Have Run Too Fast Too Soon
Apr 05Canadian Natural Resources' (TSE:CNQ) Dividend Will Be Increased To CA$1.05
Mar 05Canadian Natural Resources Limited (TSE:CNQ) Annual Results Just Came Out: Here's What Analysts Are Forecasting For This Year
Mar 02Canadian Natural Resources Limited (TSE:CNQ) Shares Could Be 44% Below Their Intrinsic Value Estimate
Feb 25We Like These Underlying Return On Capital Trends At Canadian Natural Resources (TSE:CNQ)
Feb 11Potential Upside For Canadian Natural Resources Limited (TSE:CNQ) Not Without Risk
Dec 18We Think Canadian Natural Resources (TSE:CNQ) Can Stay On Top Of Its Debt
Dec 04Canadian Natural Resources Limited (TSE:CNQ) Shares Could Be 34% Below Their Intrinsic Value Estimate
Nov 20Broker Revenue Forecasts For Canadian Natural Resources Limited (TSE:CNQ) Are Surging Higher
Nov 07The Return Trends At Canadian Natural Resources (TSE:CNQ) Look Promising
Sep 11Is Canadian Natural Resources (TSE:CNQ) Using Too Much Debt?
Aug 27Is There An Opportunity With Canadian Natural Resources Limited's (TSE:CNQ) 30% Undervaluation?
Aug 06Is Canadian Natural Resources (TSE:CNQ) A Risky Investment?
May 28Canadian Natural Resources (TSE:CNQ) Is Doing The Right Things To Multiply Its Share Price
May 14We Ran A Stock Scan For Earnings Growth And Canadian Natural Resources (TSE:CNQ) Passed With Ease
Apr 04These 4 Measures Indicate That Canadian Natural Resources (TSE:CNQ) Is Using Debt Safely
Feb 27Shareholders Would Enjoy A Repeat Of Canadian Natural Resources' (TSE:CNQ) Recent Growth In Returns
Feb 11Is There An Opportunity With Canadian Natural Resources Limited's (TSE:CNQ) 33% Undervaluation?
Jan 05If EPS Growth Is Important To You, Canadian Natural Resources (TSE:CNQ) Presents An Opportunity
Dec 24Canadian Natural Resources (TSE:CNQ) Is Increasing Its Dividend To CA$0.85
Nov 30Is Canadian Natural Resources (TSE:CNQ) Using Too Much Debt?
Nov 28Canadian Natural Resources' (TSE:CNQ) Dividend Will Be Increased To CA$0.85
Nov 16Financial Position Analysis
Short Term Liabilities: CNQ's short term assets (CA$6.8B) do not cover its short term liabilities (CA$8.0B).
Long Term Liabilities: CNQ's short term assets (CA$6.8B) do not cover its long term liabilities (CA$27.2B).
Debt to Equity History and Analysis
Debt Level: CNQ's net debt to equity ratio (23.3%) is considered satisfactory.
Reducing Debt: CNQ's debt to equity ratio has reduced from 64.6% to 25.1% over the past 5 years.
Debt Coverage: CNQ's debt is well covered by operating cash flow (147.3%).
Interest Coverage: CNQ's interest payments on its debt are well covered by EBIT (17.5x coverage).